Icon Wealth Advisors LLC Makes New $658,000 Investment in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Icon Wealth Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,592 shares of the investment management company’s stock, valued at approximately $658,000.

Several other institutional investors also recently modified their holdings of EMO. Wealth Enhancement Advisory Services LLC boosted its position in ClearBridge Energy Midstream Opportunity Fund by 60.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock worth $867,000 after purchasing an additional 7,954 shares during the last quarter. Edgemoor Investment Advisors Inc. purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth about $1,861,000. Sanctuary Advisors LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth about $1,670,000. LexAurum Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $268,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $31,000.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 8,467 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $43.69, for a total value of $369,923.23. Following the sale, the insider now directly owns 51,019 shares in the company, valued at approximately $2,229,020.11. The trade was a 14.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 24,024 shares of company stock worth $1,051,375.

ClearBridge Energy Midstream Opportunity Fund Trading Up 1.2 %

EMO opened at $49.79 on Friday. ClearBridge Energy Midstream Opportunity Fund Inc has a twelve month low of $32.21 and a twelve month high of $49.90. The company’s 50-day moving average price is $44.12 and its two-hundred day moving average price is $42.05.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.33 dividend. The ex-dividend date is Monday, December 23rd. This represents a $3.96 annualized dividend and a yield of 7.95%.

ClearBridge Energy Midstream Opportunity Fund Profile

ClearBridge Energy MLP Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector.